Title insurance is a form of indemnity insurance that protects property buyers and lenders from financial loss due to defects in a property's title. These defects can include issues such as outstanding liens, undisclosed heirs, or fraud that may arise after the property purchase. Title insurance ensures that the buyer has clear ownership and can provide peace of mind, as it covers legal fees and any other expenses related to claims against the title. The policy is typically paid for at closing and remains in effect as long as the insured holds an interest in the property.

Real estate closing services encompass the final steps in a property transaction, ensuring that all legal and financial obligations are met before ownership is transferred. These services typically include coordinating the signing of documents, disbursing funds, and facilitating communication between buyers, sellers, and lenders. By ensuring compliance with local laws and providing expertise throughout the process, closing services help to ensure a smooth transition of ownership and protect the interests of all parties involved.